Empire State Realty OP, L.P. Series ES Stock Forecast
Empire State Realty OP, L.P. Series ES stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Empire State Realty OP, L.P. Series ES stock price gained 2.26% on the last trading day (Thursday, 28th Mar 2024), rising from $9.75 to $9.97. During the last trading day the stock fluctuated 2.81% from a day low at $9.97 to a day high of $10.25. The price has risen in 5 of the last 10 days and is up by 6.63% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $435.96 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $10.09 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Empire State Realty OP, L.P. Series ES stock with a 90% probability to be traded between $9.14 and $10.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ESBA Signals & Forecast
The Empire State Realty OP, L.P. Series ES stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.84 and $9.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Empire State Realty OP, L.P. Series ES has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.100%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Empire State Realty OP, L.P. Series ES stock
Empire State Realty OP, L.P. Series ES finds support from accumulated volume at $9.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.280 (2.81%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $9.59 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ESBA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests to open at $10.06, and during the day (based on 14 day Average True Range), to move between $9.68 and $10.26, which gives a possible trading interval of +/-$0.286 (+/-2.87%) up or down from last closing price. If Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.00 (0.30%) than the support at $9.82 (1.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Empire State Realty OP, L.P. Series ES stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.625 Buy Candidate Upgraded
Predicted Opening Price for Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.06 ( 0.94%) | $9.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESBA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.34 | 3.74 % | |
R2 | 10.24 | 2.67 % | ||
R1 | 10.17 | 2.01 % | ||
Current price: | 9.97 | |||
Support | S1 | 9.96 | -0.137 % | |
S2 | 9.89 | -0.799 % | ||
S3 | 9.78 | -1.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.10 | 1.29 % | |
R2 | 10.05 | 0.80 % | ||
R1 | 10.00 | 0.301 % | ||
Current price | 9.97 | |||
Support | S1 | 9.82 | -1.50% | |
S2 | 9.81 | -1.61% | ||
S3 | 9.75 | -2.21% |
ESBA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0350 | 0.359% |
2 | Dec 08, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.0350 | 0.372% |
3 | Aug 08, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0350 | 0.438% |
4 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $0.0350 | 0.500% |
5 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.0350 | 0.470% |
FAQ
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